Compalined to SEC. Did my part. Here is my complaint.
Dear SEC officer, I am hereby complaining to you in a formal letter that there is something wrong with my Brokerage firm Scottrade,INC and PAIVIS corp regarding the issue of my JPHC/PAIV/PAVC shares. I got some few milion JPHC shares sometime back last year. JPHC merged with PAIVIS and became PAIV. There was a huge debacle by ameritrade selling restricted shares and hence, all of us shareholders got stuck in that fiasco. Even, before we got our certificates from PAIVIS (PAIV) , paivis did a reverse split of 200 to 1 and got a new symbol PAVC. None of our shares got delivered. I suggest that, a thorough investigation be carried on this whole fiasco and put the wrong people in jailhouses. Also, I would like to see some of the brokerage firms who were involved with fiasco to get their licences cancelled and be barred from trading again. A lack of clarity from SEC on these so called penny stocks, is causing a lot of us to lurk in dark and loose our money. Please wake up and do your part to help us.